Which of the following is not an important contribution of the agricultural sector to overall development:
a. increasing national food supplies
b. permitting foreign exchange earnings through imports
c. allowing excess labor to flow to urban areas
d. providing savings for industrial investment
e. increasing the demand for manufactured goods
g. All of the above are important contributions.
G
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Which of the following statements is true?
A) Network effects arise because of economies of scale. B) Economies of scale arise because of network effects. C) Economies of scale act as barriers to entry into a market. D) Network effects provide incentives to new sellers to enter the market.
The principal objective of WTO is to:
a. encourage countries to establish quotas. b. establish fair prices for all goods traded internationally. c. reduce the level of all tariffs. d. prevent the trading of services across nations' borders.